Sturm, Jan-Egbert; Wollmershäuser, Timo - CESifo - 2008
. Developments in small member countries have received more than proportional weights in actual monetary policy decisions of the ECB. … Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or …